🔥 110 Spring St, Kernersville, NC 27284. Single family, 2 bed / 1 bath, 909 sq ft on nearly half an acre with a 30×30 detached garage. Sold comps averaging ~$187K — priced at $114K. That’s ~$73K below market, unrenovated. 🤝
📸 👉 CLICK HERE FOR FULL PHOTO ALBUM 👈
Why Kernersville? Smack in the middle of the Piedmont Triad — halfway between Winston-Salem and Greensboro — Kernersville punches above its weight for investors. It’s got small-town charm, strong rental demand from Triad-area workers, and a housing market where entry-level inventory is tight and move-in-ready product commands real money. Add in below-average days on market and a median sale price climbing year over year, and this is the kind of market where buying right on the front end translates directly to the bottom line.
💰 Asking: $114,000 | Comp Average: ~$187,000 | 🔥 Spread: ~$73,000
| Type | Single Family Residence |
| Bedrooms / Baths | 2 bed / 1 bath |
| Living Area | 909 sq ft |
| Year Built | 1950 |
| Lot Size | 0.48 acres |
| Garage | 30×30 detached garage |
| Utilities | City Water & Sewer + Duke Energy (electric) |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Closing Date | May 8, 2026 |
| Closing Attorney | Atlas Orange |
⚠️ No central HVAC — property is heated by oil baseboard heaters with window units for cooling. ⚠️ Roof age is unknown and should be budgeted for. ⚠️ Baseboard heat is oil-fired, which buyers should factor into rehab scope. The 30×30 detached garage is a meaningful bonus for the lot — a rare find at this price point and size.
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 229 Hastings Dr | 971 | $237,500 | $245/sq ft | Sold Mar 2026 — 2 bed/1 bath |
| 334 Mountain View Dr | 769 | $168,000 | $218/sq ft | Sold — 2 bed/1 bath |
| 810 Ragland St | 845 | $156,000 | $185/sq ft | Sold Nov 2025 — 3 bed/1 bath |
| Comp Average (sold) | ~862 | ~$187,167 | ~$216/sq ft | |
| 🏷️ Our Price | 909 | $114,000 | $125/sq ft | |
| 💸 Your Spread | ~$73,000 |
💡 At $125/sq ft, you’re acquiring a property in a market where comparable small-footprint homes are closing at $185–$245/sq ft. The subject is actually the largest home in the comp set at 909 sq ft — bigger than all three comps — yet priced the lowest by far. A cosmetic rehab and HVAC conversion bring this one squarely into the $185–$218/sq ft range, with the top comp pushing toward $245. That’s a serious margin window on a small-dollar buy.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.